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TOKYO, July 7 (Xinhua) -- The Bank of Japan (BOJ) maintained its upbeat assessment of all nine of its regional economies in its quarterly report Monday JK Scott Womens Jersey , despite concerns of a slowdown in some areas owing to the April 1 tax hike from 5 to 8 percent.


"All regions reported that the economy had continued to recover, or had been recovering moderately as a trend, while the subsequent decline in demand following the front-loaded increase prior to the tax hike had been observed," the central bank's report said.


"Domestic demand had been firm Josh Jackson Womens Jersey , production had been on a moderate increasing trend, and the employment and income situation had been improving," the report added.


The bank said that the robust reports are evidence that the economy is back on track and likely to hit the bank's price target without the need for rolling out further stimulus measures.


BOJ governor Haruhiko Kuroda told a meeting of the BOJ's regional branch managers on Monday that the bank was not considering deviating from its ultra-loose policy and reiterated the bank's intention to hit its 2 percent inflation target in two years by maintaining the huge stimulus program for "as long as necessary."


"The BOJ's ultra-loose monetary policy has been exerting its intended effects," Kuroda said. "The central bank will examine both upside and downside risks to economic activity and prices Jaire Alexander Womens Jersey , and make adjustments as appropriate," the BOJ chief said.


Four of the nine regions assessed in the quarterly survey raised their assessment on capital expenditure to say it was " picking up" or "increasing further," as the effects of Prime Minister Shinzo Abe's initial round of economic policies and strategies begin to take hold, with those Ty Montgomery Womens Jersey , in turn, expected to be underpinned by the government's latest structural overhaul plans for the economy, unveiled recently.


Abe's Cabinet, on June 24 Montravius Adams Womens Jersey , endorsed the government's new package of economic reforms aimed at boosting the earning power of corporations, deregulating deflation-hampered sectors and implementing structural